Shimko Corporation's most recent comparative balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$37 $32 Accounts receivable 34 32 Inventory 59 55 Property, plant and equipment 447 390 Less accumulated depreciation 212 188 Total assets$365 $321 Liabilities and stockholders' equity: Accounts payable$37 $32 Bonds payable 217 270 Common stock 21 20 Retained earnings 90 (1)Total liabilities and equity$365 $321 Income Statement?Sales$891Cost of goods sold 539Gross margin 352Selling and administrative expense 195Net operating income157Income taxes 47Net income $110The company paid a cash dividend of $19 and it did not
dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.The net cash provided by (used in) investing activities for the year was:
A. $(33)
B. $33
C. $(57)
D. $57
Answer: C
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Benton and Orton are partners who share income in the ratio of 1:3 and have capital balances of $70,000 and $30,000, respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000 . What is Benton's capital balance after admitting Ramsey?
a. $20,000 b. $7,000 c. $70,000 d. $63,000
Which type of price discount would most likely be offered by a ski lodge during the summer months?
A) quality discount B) seasonal discount C) promotional allowance D) associate allowance E) functional discount
We _______ because of the predominant role that functionality or performance plays in business markets
a. Regard value as the cornerstone b. Focus on business market processes c. Manage business channels d. Stress doing business across borders
Describe the SCOR Model and how and why a firm may use this model to enhance its supply chain process integration efforts.
What will be an ideal response?